KUALA LUMPUR: Public Mutual Bhd has declared total gross distributions of RM534mil to unit holders of seven funds whose financial year ended May 31, 2013.
It said the gross distribution per unit for the Public Ittikal Fund was 5.0 sen while for the Public Select Bond Fund, it was 3.25 sen.
As for the Public Islamic Equity Fund, Public Islamic Select Treasures Fund, Public Dividend Select Fund and PB ASEAN Dividend Fund, the gross distribution per unit was 2.0 sen per unit.
Public Ittikal Fund's strategy is steady capital growth over the medium- to long-term period by investing in a portfolio of investments that complies with Shariah principles.
As for the Public Islamic Equity Fund, the strategy is to achieve capital growth by investing in Shariah compliant growth stocks.
Public Islamic Select Treasures Fund seeks to achieve capital growth by investing in companies with market capitalisation of up to RM6bil which comply with Shariah requirements in the domestic market.
Public Dividend Select Fund's target is to provide recurring income by investing in a portfolio of stocks which offer or have the potential to offer attractive dividend yields.
The PB ASEAN Dividend Fund invests in stocks in domestic and regional markets which offer or have the potential to offer attractive dividend yields. The fund won the best ASEAN Equity fund for three years category at the Edge-Lipper Malaysia Fund Awards 2013.
Public Balanced Fund's target is to provide a steady income and capital growth over the medium- to long-term period.
Public Select Bond Fund seeks to provide annual income through investments in fixed income securities which have a remaining maturity of seven years and below and, money market instruments.
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